2:29 PM,
Jan. 20, 2014

New York Gov. Andrew Cuomo delivers his annual State of the State address at the Empire State Plaza Convention Center in Albany.

Written by

Joseph Spector
Journal Albany bureau

State budget projections show New York has a $1.7 billion deficit next fiscal year. Gov. Andrew Cuomo says he'll turn that into a $500 million surplus and start a three-year plan to cut taxes by $2 billion.

Cuomo will unveil his state budget proposal on Tuesday, and he'll be banking on an improving economy and limited spending to pay for his tax plan, increases in school aid and other pet programs.

Cuomo's plan is already drawing skeptics who question how he will eliminate projected budget gaps and create a surplus at a time when state revenue remains unsteady. ...